Two-Bedroom Residential
New
For Sale
$205,000
40 TANSBORO ROAD Unit 1A, Berlin, NJ 08009
Updated kitchen and bath complement additional basement space and two private patios.
Property Size1,075 SF
Days on Market6
Property Features for 40 TANSBORO ROAD Unit 1A
General Information
Standard status
Active
Size
1,075 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,847
Amenities
patio
outdoor storage
basement storage
Building Details
Building Size
1,075 SF
Year Built
1976
Listing Agency:
Real Broker, LLC
Listed By:
Valerie Danielle Regan · License #1974085
(856) 725-3895
Source:
Patmckennarealtors
Added: Oct 1
Changed: Oct 6
Last Checked: Oct 5 at 9:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
Investment Insights
Based on property information with market context.
This two-bedroom, one-bathroom condominium was built in 1976 and features new flooring throughout. The kitchen has white cabinetry, quartz countertops, and stainless steel appliances, while the full bathroom has been renovated. A partially finished basement adds living area and storage, with two outdoor storage units providing further space. Two private patio areas extend the unit's outdoor space.
Key Highlights
- Two bedrooms and one full bathroom
- Kitchen with white cabinetry, quartz countertops, and stainless steel appliances
- New flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,917
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,340
$218.3K
Cap Rate 7%
$155,957
$156.0K
Cap Rate 9%
$121,300
$121.3K
Market Conditions
NOI Build-Up for 1,075 SF
Gross rent
$21.0K $19.56/SF
− Vacancy
−$1.2K −$1.10/SF
EGI
$19.8K $18.46/SF
− OpEx
−$8.9K −$8.31/SF
NOI
$10.9K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,340
Cap Rate 7%
$155,957
Cap Rate 9%
$121,300
Alternative Uses
Best Use
Apartment 5plus
$156.0K
$136.5K – $182.0K
NOI $10,917 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$272.6K
$238.5K – $318.0K
NOI $19,080 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 08009, NJ
13,885
Population
5,764
Households
2.4
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
16.5 sq mi
ZIP Area
842
Density / Sq Mi
$101,964
Median Household Income
$52,767
Median Earnings
$1,392
Median Rent
$291,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated kitchen and bath complement additional basement space and two private patios.
Where is this residential income property located?
The property is located at 40 TANSBORO ROAD Unit 1A Berlin, NJ.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Two bedrooms and one full bathroom; Kitchen with white cabinetry, quartz countertops, and stainless steel appliances; New flooring throughout
